Crop insurance

The PMFBY was launched in 2016 aims at covering the losses suffered by farmers due to reduction in crop yield as estimated by the local appropriate government authorities. As increased farmer awareness and low farmer premium rates this scheme aims at increasing the crop insurance penetration in India.

Corp Insurance


This Yojana aims at supporting sustainable production in agriculture sector by way of -

  • Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events.
  • Stabilizing the income of farmers to ensure their continuance in farming.
  • Encouraging farmers to adopt innovative and modern agricultural practices.
    • The scheme also covers pre-sowing losses, post-harvest losses due to cyclonic rains and losses due to unseasonal rainfall in India.
    • A provision to cover losses due to localized calamities such as inundation also in addition to the previously covered hailstorm and landslide risks,

Coverage Of Risk:

  • Insured area is prevented from sowing/ planting due to deficit rainfall or adverse seasonal conditions
  • Comprehensive risk insurance is provided to cover yield losses due to non- preventable risks, viz. Drought, Dry spells, Flood, Inundation, Pests and Diseases, Landslides, Natural Fire and Lightening, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane and Tornado.
  • Coverage is available only up to a maximum period of two weeks from harvesting for those crops which are allowed to dry in cut and spread condition in the field after harvesting against specific perils of cyclone and cyclonic rains and unseasonal rains.
  • Loss/ damage resulting from occurrence of identified localized risks of hailstorm, landslide, and Inundation affecting isolated farms in the notified area.